The Sub-Fund aims to provide a total return (the combination of income and capital growth) of the Benchmark plus 0.75% (gross of fees per annum), over any five-year period, while applying ESG Criteria and Sustainability Criteria
The Sub-Fund applies ESG Integration. ESG integration is the systematic inclusion of ESG factors in investment analysis and investment decisions.
The Sub-Fund invests in securities that meet the ESG Criteria and Sustainability Criteria.
The following types of exclusions apply to the Sub-Fund’s direct investments:
References to “assessed” above mean assessment in accordance with the ESG Criteria and Sustainability Criteria.
The benchmark of the Sub-Fund is the Bloomberg MSCI Euro Corporate ESG BB+ Sustainable SRI Bond Index (Total Return Gross).
The Benchmark is an ESG benchmark which is consistent with the ESG characteristics promoted by the Sub-Fund. The Bloomberg MSCI Euro Corporate Sustainable SRI BB+ Bond Index is an investment-grade corporate bond benchmark that follows the rules of the Bloomberg Euro Aggregate Corporate Index and applies additional ESG Factors for security eligibility. The Investment Manager refers to the Benchmark when constructing the Sub-Fund’s portfolio but is not bound by the Benchmark rules when selecting investments.
Further information on the ESG methodology, including data sources, screening criteria and the relevant sustainability indicators of the Sub-Fund can be found in the ESG Criteria and Sustainability Criteria.
A description of ESG and responsible investment terms used is available in the Sub-Fund’s Prospectus.
Information on how the environmental and social characteristics have been met can be found in the latest annual report.